The Global Pentaerythritol Market was valued at USD 1.01
billion in 2011 and is expected to reach USD 1.59 billion by 2019,
growing at a CAGR of 6.8% from 2013 to 2019. In terms of volume, global
consumption was 485.9 kilo tons in 2011 and is expected to reach 692.9 kilo
tons by 2019, growing at a CAGR of 5.3% from 2013 to 2019.
Browse the full report at http://www.transparencymarketresearch.com/pentaerythritol-market.html
Pentaerythritol is majorly used for manufacturing alkyd paints
which has been a key contributor to its market growth in recent times and owing
to the growing infrastructure market mainly in Asia Pacific, this trend is
expected to continue over the forecast period. In addition, eco-friendly nature
of pentaerythritol has been gaining regulatory support as a non-hazardous and
sustainable product for end-users. Furthermore, emerging innovative
applications of pentaerythritol such as therapeutics and marine coatings are
expected to provide immense opportunities for the major players operating in
the global market. However, limited availability of raw materials such as
formaldehyde and acetaldehyde due to overlapping with their other commercial
applications is expected to inhibit the market growth.
Alkyd paint was the largest application segment for
pentaerythritol and accounted for over 37% of the total market in 2011. Alkyd
paint application is expected to grow at a CAGR of 5.5% over the forecast
period. These paints find applications in residential as well as industrial
construction. Applications of pentaerythritol in plasticizers are expected to
be the fastest growing applications and are projected to grow at a CAGR of 5.9%
from 2013 to 2019.
Asia Pacific emerged as the leading consumer for
pentaerythritol and accounted for over 40% of the total demand in
2011. Asia Pacific along with being the biggest market is also
expected to be the fastest growing market for pentaerythritol at a CAGR of 5.7%
from 2013 to 2019. The growth of the construction and automobile industry,
especially in China and India is propelling the growth of
pentaerythritol in this region. Europe is expected to show
significant growth at a CAGR of 6.4% over next five years, in terms of revenue.
The demand for pentaerythritol for alkyd paints in North America is
expected to reach a market worth USD 88.7 million by 2019, growing at
a CAGR of 5.9% from 2013 to 2019.
Some of the key companies operating in the global pentaerythritol
market include Celanese Corporation, Ercros SA, Hubei Yichang Chemical, Mitsui
Chemicals and Perstorp Holding AB. There are also several small companies such
as Copenor, Hunan Hengyang Sanhua and Lee Chang Kung among others
operating in the global and the regional market.
The report segments the global pentaerythritol market as:
Pentaerythritol Market: Application Analysis
- Alkyd paints
- Alkyd inks
- Alkyd adhesives/sealants
- Plasticizers
- Alkyd varnishes
- Radiation cure coatings
- Lubricants
- Other (including medicine, pesticides, etc)
Pentaerythritol Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World
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